Aurora Innovation, Inc. (NASDAQ:AUR) Stock Holdings Cut by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 1.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,043,195 shares of the company’s stock after selling 30,579 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.19% of Aurora Innovation worth $18,016,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Baillie Gifford & Co. boosted its position in shares of Aurora Innovation by 17.2% in the third quarter. Baillie Gifford & Co. now owns 84,904,647 shares of the company’s stock worth $502,636,000 after buying an additional 12,466,085 shares during the period. Vanguard Group Inc. grew its position in shares of Aurora Innovation by 1.5% in the first quarter. Vanguard Group Inc. now owns 84,784,550 shares of the company’s stock valued at $239,092,000 after purchasing an additional 1,267,962 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Aurora Innovation by 23.1% in the second quarter. Dimensional Fund Advisors LP now owns 13,337,429 shares of the company’s stock valued at $36,941,000 after purchasing an additional 2,502,002 shares during the last quarter. Primecap Management Co. CA grew its position in shares of Aurora Innovation by 1.0% in the second quarter. Primecap Management Co. CA now owns 10,217,700 shares of the company’s stock valued at $28,303,000 after purchasing an additional 102,800 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Aurora Innovation by 273.5% in the second quarter. Bank of New York Mellon Corp now owns 5,190,426 shares of the company’s stock valued at $14,377,000 after purchasing an additional 3,800,901 shares during the last quarter. 44.71% of the stock is owned by institutional investors.

Aurora Innovation Stock Performance

Shares of Aurora Innovation stock opened at $4.99 on Monday. Aurora Innovation, Inc. has a 52 week low of $2.04 and a 52 week high of $7.01. The stock has a market capitalization of $8.57 billion, a price-to-earnings ratio of -10.18 and a beta of 2.82. The firm has a fifty day moving average of $5.58 and a two-hundred day moving average of $4.09.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. TD Cowen lifted their target price on Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Evercore ISI lifted their target price on shares of Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a research note on Monday, October 14th. The Goldman Sachs Group boosted their price objective on shares of Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research report on Monday, November 4th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $7.00 price objective on shares of Aurora Innovation in a research report on Monday, September 30th.

Insider Activity

In other news, Director Reid Hoffman sold 1,393,874 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $5.45, for a total value of $7,596,613.30. Following the completion of the transaction, the director now owns 672,425 shares of the company’s stock, valued at $3,664,716.25. The trade was a 67.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 8,208,830 shares of company stock valued at $45,295,991 in the last quarter. Company insiders own 13.83% of the company’s stock.

About Aurora Innovation

Aurora Innovation, Inc operates as a self-driving technology company in the United States. It focuses on developing Aurora Driver, a platform that brings a suite of self-driving hardware, software, and data services together to adapt and interoperate vehicles. The company was founded in 2017 and is headquartered in Pittsburgh, Pennsylvania.